Wednesday , October 4 2023

Juventus FC statement on latest proceedings!

Juventus Football Club S.p.A. (“Juventus” or the “Company”) informs that it has defined to any effect with the Sport Justice bodies the FIGC proceeding no. 336 pf 22-23 (relating the so-called “2019/2020 and 2020/2021 salary maneuvers”, the relationships with certain sport agents, as well as certain alleged “partnerships” with other clubs) as a result of the infliction of a pecuniary sanction of Euro 718,240.00 and of the waiver of the filing of appeal before the Sport Guarantee Board before CONI (“Collegio di Garanzia dello Sport presso il CONI”) against the decision issued by the Federal Court of Appeal on 22 May 2023 in the proceeding regarding the so-called “capital gains”.

The National Federal Court FIGC issued, in fact, on today’s date, the Decision 0189/TFNSD-2022-2023 which, definitively ruling, orders the infliction of the abovementioned pecuniary sanction against the Company following the proposal for the “application of sanctions on request after referral” submitted by Juventus pursuant to Article 127 of the FIGC Sport Justice Code which also includes the Company’s undertaking to waive the filing of means of appeal (“mezzi di impugnazione”) before the Sport Guarantee Board before CONI against the decision issued by the Federal Court of Appeal on 22 May 2023 in the context of the remand judgement n. 138/CFA/2022-2023 (proceeding n. 233 pf 21-21 regarding the so-called “capital gains”).

The Company, while reiterating the correctness of its actions and the soundness of its defensive arguments, has decided to file the application of sanctions on request under Article 127 CGS in the terms indicated above in the best interest of the Company itself, of its shareholders and of all stakeholders (belonging to the sports system and not). The settlement of all open FIGC sports proceedings allows the Company to achieve a definite result, settling the matter and overcoming the state of tension and instability that would inevitably descend from the continuation of disputes whose outcomes and timing would remain uncertain, also allowing the management, the coach of the First Team and the players to focus on sports activities and in particular on the overall planning of the next season (with regard to sports activities and to business relationships with sponsors, other commercial and financial counterparts).

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